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>>> most schools resume in newtown, connecticut as we learn new details of harrowing survival of the day of the shooting. how one student made it out alive. >> reporter: a call to an east bay middle school prompts a full police investigation. how it is a sign that this school district is not taking any perceived threats lightly. >> reporter: we're live in palo alto where a drunk driver triggered the flooding of a busy intersection. we will explain how that happened and if you need to avoid any areas. >>> hours ago, a car slammed right into that concord video store. why police say that was no accident. "mornings on 2" begins right now. >>> well, good morning. i'm dave clark. >> i'm tori campbell. >>> we're continuing to track developing news in palo alto where a suspected dui driver has been arrested for hitting a fire hydrant. ktvu channel 2 reporter janine de la vega is live on sandhill road with a look at the flooding and how traffic is being affected. good morning, janine. >> reporter: good morning, tori. well, actual iy, this intersection at sandhill and el camino just ope
affecting travelers. >>> one week after the tragic school shooting in newtown, connecticut, people around the nation just stopped to remember those who lost their lives. >> reporter: it was supposed to be a celebration but a party turned deadly. we'll tell you what led up to san jose's 45th homicide of the year. >>> wet, underwy weather is marching through parts of the bay area. i will have what you can expect -- coming up. >>> welcome to "mornings on 2." i'm dave clave. >> i'mer to -- i'm dave clark. >> i'm tori campbell. >>> new this morning, a half- hour ago, the nation caused to pay tribute to the victims of the connecticut school shooting. [bell telling [-- bell tolling] >> clergy members at the trinity episcopal church near sandy hook elementary school rang its bell 26 times for those killed their last friday. connecticut's governor stood with local and state treeders on the steps of town hall with their heads bowed in a moment of silence. this was held at exactly 6:30 a.m. pacific time which is when the massacre started at sandy hook elementary. we're waiting to find out how much i
. >>> from newtown to your town, americans pause this hour to remember those killed in the school massacre. we'll tell you how the tribute could echo through your community. >>> the nation's most powerful gun lobby the nra speaking out today one week after violence rocked that small community in connecticut. >>> and devastating implosion, the end of the world? nope, it is not the apocalypse, it's what people are saying about the fiscal cliff. after speaker boehner's plan b falls flat, what's next? "newsroom" starts now. good morning to you. thank you so much for being with us. i'm carol costello. this hour a nation pauses to honor the victims of last week's horrifying attack at a connecticut elementary school. many americans including president obama will take part in a moment of violence at 9:30 eastern. that marks the moment one week ago that the gunman burst into sandy hook elementary school. church bells will toll across the country 26 times to remember each of the children and educators killed, and after being noticeably quiet for the past week, the national rifle association holds a
continuing coverage of your markets, all your post-close news and, of course, what is going on in newtown, concome our hearts and prayers go out to all those people affected by that. "closing bell" is next. >> i'm bill griffith. welcome to "closing bell." maria will be along here in a few minutes at the new york stock exchange, and we add our sentiments as we continue to update you on the horrific massacre at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to let you know. president obama is set to make a statement on this tragedy from the white house around 3:15 eastern. our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and
to the "kudlow report." i am larry kudlow. one week after the devastating school shooting in newtown, connecticut, left 26 people dead, the national rifle association is breaking its silence. the gun rights group is calling on congress to put armed guards at every school. it's a very interesting development. actually, we could bring in -- let's go right to nbc's danielle lee. she's going to join us with the nra details. good evening, danielle. >> reporter: larry, good evening. after a week long talk about gun control and protecting our children, the situation isn't fewer guns, but more of them on camp campus. the nra's leader blamed the media for a culture of violence. and also accused the country of failing to protect our children by not putting police on every campus with guns. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> even supporters of the nra called the organization out of touch with america. lawmakers and top educators fired back. they say any solution also needs to include gun control and mental health care. >> i don't believe that the only way to stop
latest survey and president obama spoke at an evening vigil in the community of newtown, connecticut, raising the prospect of policy changes to stem gun violence. it is monday, december 17th, 2012 and "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. let's take a look at our lineup today. first off, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not
>> as we continue our business coverage, our hearts go out to those that are grieving in newtown, connecticut. adam: house speaker john boehner back on capitol hill. it is the latest round of fiscal cliff talks which, as speaker boehner opens the door for tax hikes. lori: don't count apple out. dissecting the opposing analyst calls. is the worst over for shareholders? melissa: it is time for stocks now. nicole petallides standing by. nicole: we are looking good. you mentioned boehner and obama speaking once again. many traders that i have spoken with that something, some white, would get done. we are up about one half of a percent. there is the nasdaq sitting right at the 3000 mark. i also want to take a look at two names that have been making news. that is sprint and clear wire. that is about a half of a percent for sprint which is the number three u.s. wireless carrier. now, they will have full ownership of the spectrum. that is some good news for sprint. you are seeing that clear wire is selling off the news. lori: president obama and house speaker john boehner meeting just ho
outside the town hall in newtown. ring aring 28 times one for each person who died that day. the 26 victims inside the elementary school along with the shooter and his mother. this morning, president obama sending out this message on twitter, 20 beautiful children and six remarkable adults, together we will carry on and make our country worthy of their memory. the white house says president obama took part in the moment of silence from washington with members of his staff. rick leventhal is live for us tonight in newtown. rick? >> harris, the churches were initially asked to ring their bells 26 times and then the episcopal dies cease urged them to ring them twice more to include nancy lanza and her son saying we should pray for all souls, especially those who need it most. so the trinity episcopal church here in new town, connecticut did just that this morning and then the funerals began again. five more today. two teachers, three children remembered and laid to rest. 29-year-old rachel i davino and rachel spent 26 years. set to retire next year. grace mcdonnell and olivia ingle and
and prayers go out to the victims, to their families, and to their friends and the community of newtown, connecticut. nearly all of the senators and congress have left washington dc. from all over the country, there were outpouring of condolences and sympathy and there were senators and congressmen who sent out statements calling for gun control. in some cases with no political decisions by many to politicize the tragedy. here are some of their names and what they said. congressman bobby rush said lawmakers can no longer be held hostage by those who are opposed to reasonable gun control laws. congressman eliot engel of new york, the fact that we cannot pass sensible gun control in this congress is a blot on her reputation. and congressmen jerry nadler saying that now is not the time to have a serious discussion about and control, if not now, when would it be? at least 20 members of congress reacting with calls to restrict constitutional rights to bear arms. all over those calls coming from members of the democratic party. here is the number who chose to talk about mental illness. the di
with these shootings in newtown, connecticut. we will bring you up-to-date about any news as we get it. you'll hear about it in the fox news minute coming up in just a short while. connell: the business news of the day. we will begin with nicole petallides at the new york stock exchange. good morning. nicole: we did have a moment of silence for those in morning. our nation is in morning. let's take a look at the names on the move this morning. you can see some accelerated selling. 13% to the downside. it has been virtually flat. clearwater for $2.99. it is even below that particular level. we knew that sprint are ready to part of it. here is some economic news. not that great. it was down again. five months in a row. in japan, they had a big election. a lot of people have been hot on that. there is a look at the dow. drug and bank stocks doing well. back to you guys. connell: we will talk to you about the latest developments in the debt to go stations. john boehner with a new offer on the table for the president. essentially, a billionaires tax. the speaker laying down a trillion dollars in new tax
. but later on in the week, housing numbers final q3 gdp. keeping a close eye on newtown, connecticut, our hearts and prayers going out to the victims there. remembering those who lost their lives at sandy hook elementary in newtown. >>> a moment of silence observed at the new york stock exchange. in remembrance of those who lost their lives in the newtown, connecticut, shootings. ♪ [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a total value of $9,000. from outstanding value to standing the test of time, chevy runs deep. >>> time for the "mad dash" on a monday morning. apple gets an inordinate amount of attention. but it's not the sole source of pain. >> no. i'll tell you something, carl, we used to try to figure out who is in the apple device. tear it d
selling its investment in gunmaker freedom group in light of last week's school shooting in newtown, connecticut. it did have a stake in freedom group. it has invested $751.4 million as of the end of march. cerberus acquired bushmaster last year. and my column today focuses on the number of private equity firms that have major stakes in gunmakers. colt, by the way, is another that is one of them. mid ocean owns a piece of bushnell. doesn't make guns, makes everything but the gun itself. >> what do you mean, the components? >> if you want a 25 round magazine loader, they have it. if you want a military grade night vision, they have it. if you need laser guided things, that's what they make. >> but if you look at the numbers, the sales of a lot of these gunmakers, freedom group in particular have been rising sharply. and, you know, the day after -- >> and the automatic rifle, that's where the growth is coming from. >> absolutely. the day after president obama was elected, you saw a sharp jump in sales. >> i should say as of last night when i was working on this piece, there was a a br
their lives in the sandy hook elementary school shootings in newtown, connecticut. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. can i still ship a gift in time for christmas? yeah,
, and to their friends and the community of newtown, connecticut. nearly all of the senators and congress have left washington dc. from all over the country, there were outpouring of condolences and sympathy and there were senators and congressmen who sent out statements calling for gun control. in some cases with o political decisions by many to politicize the tragedy. here are somef their names and what they said. congressman bobby rush said lawmakers can no longer be held hostage by those who are opposed to reasonable gun control laws. congressman eliot engel of new york, the fact that we cannot pass sensible gun control in this congress is a blot on her reputation. and congressmen jerry nadler saying that now is not the time to have a serious discussion about and control, if not now, when would it be? at least 20 members of congress reacting with calls to restrict constitutional rights to bear arms. all over those calls coming from members of the democratic party. here is the number who chose to talk about mental illness. the disaffection of the mentally disturbed and ill. the importance of a s
to keep guns out of the hands of dangerous people, there'll be fewer atrocities like the one in newtown for any of the lesser-known tragedies that visit small towns and big cities all across america every day. since friday morning, police officer was gunned down in memphis leaving four children without their mother. two officers were killed outside a grocery store in topeka. the woman was shot and killed inside a las vegas casino. three people were shot inside an alabama hospital. a four-year-old was caught in a drive-by in missouri. taken off life support just yesterday. each one of these americans was a victim of the everyday gun violence that takes the lives of more than 10,000 americans every year. violence that we cannot accept as routine. so i will use all the powers of this office to help advance efforts aimed at preventing more tragedies like this. we won't prevent them all, but that can't be an excuse not to try. it won't be easy, but that can't be an excuse not to try. and i will not be able to do it by myself. ultimately if this effort is to succeed, it will require the help
to axiron.com. ♪ >> twenty-two minutes past the hour updating you on that breaking news story out of newtown, conn. a mass shooting at sandy hook elementary school. we are now learning there are at least 26 fatalities, eight adults, 18 children. there is no active shooter at this time, as we are hearing. the gunman took his own life. state police have cleared the scene. we are moments away from a police news conference at the school. we will take you there when it happens. the justice department reporting to hand guns were recovered at the scene. a block and a six hour. no terrorist connection at this point. the same producer. the gunman was dressed in a military like outfit wearing black beady use in the military best there are reports of a second %-confirmed as of yet.not been law-enforcement sources saying there is no motive at this time. white house press secretary is saying last our president obama was notified about the shooting might deputy national security advisor john brennan. the white house is still waiting for more information about the incident, but the president is receiving r
't want real cuts he wants more stimulus spending and he is willing to use this tragedy in newtown to say, jump on board and give me all the stimulus and raise taxes only on the people i want to raise taxes on? come on, let's do the right thing for america. that is what ought to be coming from the tragedies, not a president saying it is my way or the highway. his idea of compromise is get on board or you part of the problem. we have to have spending cuts. that is the bottom line. >>neil: thank you, congressman. >> four more americans are laid to rest, pastor rick warren on helping a nation to heal. , we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. share "not even close." share "you owe me..." share "just right."
%, but also provided a downgrade to neutral, this is the reason why. the analyst explicitly saying the newtown tragedy provides pressure on stricter gun laws. the ban of sales of assault rifles and magazines with overhang of the congressional gun debate going on. it will be very interesting to watch how these gu gunmakers and manufactures do with everything going on around us. we did see a nice comeback for smith & wesson today. david: let's take a look at them right now, the numbers for bed, bath, and beyond? liz: looking at a name they were waiting to see what margins were here. the stocks are trending at the moment. cse $1.75 for the outlook, that maybe what it is getting people little bit spooked. as you see, this is a big drop after the minute they came oof e headlines, when their modeling the net earnings per diluted share to increase approximately 12%, analysts looking at those saying what about that. authorizing a new share repurchase program about $2.5 billion. david: we have an analyst watching, what do you think of these numbers? the numbers don't like it after hours. >> coming into
in newtown, connecticut. >> yep. >> we're all hugging our children a little more tightly this season. >> and everything's on the table. >> as an outdoorsman, i think we need to completely rethink guns in america. >> i think we need to protect our kids at the school, though. everything's on the table. >> our thoughts and prayers are with the families in newtown. >> thank you both very much. right now it's time for "squawk on the street." good morning. welcome to "squawk on the street." which debuted on cnbc's seven years ago today. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end
laws? >> you know, david, i think anybody who was up in newtown who talked to the parents, who talked to the families, understands that something fundamental in america has to change. and all of us have to do some soul serving, including me as president, that we allow a situation in which 20 precious, small children are getting gunned down in a classroom and i've been very clear that, you know, an assault rifle ban, banning these high capacity clips, background checks, that they're a set of issues that i have historically supported and will continue to support. >> but can you get it done? >> so the question is are we going to be able to have a national conversation and move something through congress? i'd like to get it done in the first year. i will put forward a very specific proposal based on the recommendations that joe biden's task force is putting together. >> but it's not going to work. it didn't work before, it's not going to work now. >> my response is something has to work. it is not enough for us to say this is too hard, so we're not going to try. so what i intend to do is
newtown, connecticut, school shooting. let's go live to jay gray. he has the latest developments on this horrific story. >> reporter: hey there, maria. every day here brings a more difficult task. today providing the toughest. this grieving community gathering to say the first two of 26 emotional good-byes. two 6-year-old boys laid to rest today. their friends and family gathering to say those good-byes. that as the investigation continues as well. and we're learning more from police about what exactly they're looking for and what they found. they say they have a wealth of evidence that's been recovered. not only from the lanza home but also the school here. they also warn that the school will likely remain a crime scene for several months. that this investigation is going to take quite some time. that they have more than 100 witnesses to interview. that includes some of the young children who survived the massacre at sandy hook elementary. of course they're being very patient with those children. waiting until the time is right. and say they will only talk to them, only ask them
. >> founder and ceo of meredith whitney advisory group. >> want to update you on the tragedy in newtown tragedy. danielle lee back with the very latest. >> reporter: good afternoon. students returned to their classroom today aside from those attending sandy hook elementary, and when they did they were greeted by increased security and counselors on hand in case students needed to process. one parent said it was harder to send her son back to class and she believes this is a necessary part of the healing process for these students, but as all of that happens, as the students return to class just up the way behind me is a memorial still filled with lots of people, crowds of people struggling to move on. there were two more funerals today, and right now a wake is under way for that teacher that we've heard so much about, vicki soto works died trying to protect her children. the school, sandy hook, is still indefinitely closed while police investigating, even a nearby town says they can have another school red the for those students by tomorrow. the district has not decided when they will b
the money behind the newtown massacre story. dan, let's talk a little bit about this. how do you react to the idea cerberus is now, in light of this, going to sell the company they so meticulously put together. it's not as though people didn't know that they were in the weapons business here all along. now they are saying we want to be out of it because we don't want to be part of the debate or they think the heat on them is going to become too great. >> i think it's the heat not part of the debate. they owned freedom group when freedom group had paid lobbyists in d.c. working on gun issues. that's not directly cerberus but clearly that makes them part of the policy debate. this is partially a pressure thing. cerberus gets a lot of money from big institutions, teachers pensions, et cetera. they can't directly say to cerberus you guys have to sell. they can say, look, if you don't do something about this, we might not be there the next time you go to raise a fund. >> you point out in one of your articles from last week that the retirement system there invested $500 million into a $7.5 b
the hour. i have your fox news minute. school is back in session and newtown, connecticut, with the exception of sandy hook elementary. meanwhile, mourners paying final respects to two more students killed in that tragic shooting. government officials say that the -- is working to stabilize the condition. they have not decided if he will be treated in baghdad or another country. a harvard university astronomer is think the device is stumbling in space and officials have not picked up any transmissions. that is to sign pointing to it being inactive at this point. back to you, dagen. dagen: thank you very much. let's talk about these markets. we have a pretty nice rally going on. gold is down. we have gains across the board it was the biggest game of the month, so far. over 10 million, and just 48 hours. the number of copies of google maps downloaded. there is the google stock price today. u.s. government hitting toyota with a record $17.4 million fine. it delayed a safety recall. remember 2010, over 48 william dollars for three violations when you think of christmas dinner,
the bushmaster rifle used by the shooter. all dpuns have been removed from stores near newtown. a lot of debate about the degree to which private equity has inserted itself into the debate. some investors may be rethinking their position on investing in companies like freedom, and certainly you read the statement from service -- >> it's straightforward. very interesting story. if you get a change in heart on the part of the pension funds that make up so much of the funds for private equity, not to mention, by the way, hedge funds and other investors out there, you could see some ramifications. this certainly may be one of them right here. the company saying as a result of the sandy hook tragedy, which they call a watershed event, that has raised the national debate on gun control at an unprecedented level, they have determined to engage in a process to a southern investment to freedom group. largest manufacturer of guns in the country. 15% of sales roughly to walmart, and about 3,000 employees, $237 million in sales as of the third quarter that ended september. just to put it in perspective for
: the funerals began today in newtown, connecticut, with the burials of two six-year old boys murdered on friday. good evening. i'm gwen ifill. >> woodruff: and i'm judy woodruff. most of tonight's newshour will focus on the shootings and their aftermath. ray suarez has the latest on the investigation and the reaction in connecticut and beyond. >> ifill: we talk with california senator dianne feinstein, who hopes to revive a la
to the pete of newtown, connecticut, a town shattered by friday's shooting and elementary school. 26 people were killed, including 20 children, before the gunman killed himself. speaking at the service, the president noted this was the fourth time he's had to console a community during his time in office. and he demanded changes in the way the u.s. deals with gun violence. >> we will be told that the causes of such violence are complex. and that is true. no single law, no set of laws can eliminate evil from the world or prevent every senseless act of violence in our society. but that can't be an excuse for ip action. surely we can do better than this. >> the president says he will meet with a group of law enforcement parents and teachers in an effort to prevent future tragedies. several democratic lawmakers are now calling for a new push on tougher u.s. gun laws, including a ban on military-style assault weapons. >>> we'll take a short break. still to come, why china's new leaders see a future where economic growth isn't driven so much by exports. we'll have the latest. i always wait until
. >> in light of the tragedy in newtown there's a new push from the white house about gun control measures. would you be open in 2013 to allowing gun control measures on the house floor? >> we join the president in mourning the victims of that horrible tragedy in connecticut. he has appointed vice president joe biden to lead a commission, the vice president's recommendations come forward we will take into consideration but at this point i think our hearts and souls should be thinking about those victims in this horrible tragedy. >> a vote on the house floor -- >> we will look at vice president biden's recommendation then taken under advisement. >> your own description of their offer and you often 1:1 balance, only $450 billion apart, the president has said senate democrats say you are close, why can't you split the difference and get a deal done? >> the real issue is we all know is spending. you go for through all of these discussions i don't think the white house has gotten serious about the big spending problem our country faces. when we were down at the white house just days after the e
gathered in newtown's town hall. bells from a nearby church rang 25 times in memory of each life lost. the fifth straight day for the victims of last week's massacre. >>> the national rifle association chose today to make its first public comment, laying out its plan to keep america's schoolchildren out of harm's way. their answer? armed guards in schools all across the country. fox news chief washington correspondent jas rosen joins us now for the report. james? >> lou, good evening. wayne laperriere, the executive vice president of the national rifle association cited the presence of armed and trained security officers at banks, courthouses,power plants, defense installations as well as the firearms that are carried by secret service and capitol police to protect the president and you al our lawmakers. >> what if, when adam lanza started shooting his way into sandy hook elementary school last friday, he had been confronted by qualified, armed security? we would at least admit it's possible that 26 little kids, that 26 innocent lives might have been spared that day? >> the nra also r
of the newtown connecticut tragedy. we love the way you all have been strong in support of them. >> thank you. i very much appreciate that. michael, let me ask you, what do you want to be avoiding in 2013? >> i think you have to look at it from the standpoint of extreme. it's clearly in the bond market. it's clearly in the love for dividends. it's clearly in the love for income versus capital appreciation, versus cycle kral. i call this the rocky balboa stock market. we've had tremendous swings from the bears. you cannot deny the resilience, best year since '09. how is it comparatively smaller fiscal cliff going to do it? >> he does have a point. the relative strength of this market this year has been impressive given all the headwinds that this market has. >> it's been macho ka macho. that's the fighter who just passed away in puerto rico. it has taken blows like you can't believe and has hung in there. and the market leads the economy, not the economy leads the market. we remain defensively positioned because of profits, production and personal income. but we do know maybe we need to change th
hearts go out to all who lost their lives, who have suffered so much. whether it be in newtown, connecticut, or new york were so many still suffer. we are a nation that seems to be, whether it be by the leadership of our elected officials, whether it be the president or others, we seem to be focusing on victimization. we seem to be focusing on victims rather than those who are prevailing. we are focusing less on what we do with honor and great, great sacrifice to achieve much. instead, we seem to be focusing on those that would limit us and that that which is the worst among us. lori: you have focused any times about leadership and lack thereof. interesting that time .2 a leader. lou: i hope not too many people are. lori: my point is, we do not have a choice at this point. lou: well, we do. the president, after all, is just the president. the speaker is just a speaker. we are fundamentally americans. americans are despite all still a classless society. people are trying to divide us. they are trying to segregate us. i do not mean that in a civil right way. we are a nation when
, everyone. funerals are being held today for two more victims of friday's shooting in newtown, connecticut. families and friends paying theirtheir respects. a wake will be held for the teacher hailed as a hero for sacrificing her life, saving several students. family and friends paying their respects to 27-year-old victoria later today. senator patrick leahy squared in as a distinction given to the most senior member of the majority party in the senate. leahy now third in line for the presidency behind joe biden and john boehner. iraqi president is in a coma at this hour after suffering a stroke. government officials say the president's medical team is working to stabilize his condition. back to you. melissa: the fate of knight securities could be decided in a moment. exclusive new details on this one. charley. charley: this is coming down to the wire, major investments to help tell them out. they're telling me they expected the decision may be later tonight or early tomorrow morning. why did they do that? or the look medication with the board but this is what you're hearing from investme
funerals today. attorney general eric holder is traveling to newtown to meet with local law enforcement. that will happen later this afternoon. a scathing report that falsifies state leaders for an adequate security at the attack of the u.s. consulate in benghazi. a memorial service is being held for the late u.s. senator inside the u.s. capitol building today. the beloved senator from hawaii was the second longest senator in u.s. history. back to connell. connell: breaking news out of washington right now. eric cantor just roughed up some comments. there he is. they just roughed up a few moments ago from capitol hill. on the boat tonight that is expected on the plan b -- cantor saying they just wrapped up. i believe two days after christmas, they will be back to talk about this. also another breaking political story. the mayor of newark, new jersey, cory booker is going to run for senate. he will run for senate in new jersey in 2014. why is that important, well, there has been a lot of speculation that he may run for mayor and take on governor chris christie and new jersey. okay. now,
, the fiscal cliff, newtown, connecticut, what happened up there, that's the gem feeling overall. jcpenney, they've had promotions walking away from it every day, low discount price story. oppenheimer noted discount racks had been cleared and the traffic seems to have improved in that store. maybe that change in their philosophy has helped them out. that's a note that was out on oppenheimer today. bottom line here, guys, is i think we are seeing some movement with some companies to deal with some of these retail sales issues. you'll see a lot of pressure on margins. david, i think you mentioned this, about what was going on with inflows and outflows from equity mutual funds. it's true we're continuing to get outflows from equity mutual funds. that's certainly been disappointing. we had it going through up until last week. the end of last week, it was reported the first outflows from treasuries. more specifically, from general bond funds. that's the first time we've seen this in a very, very long time. all right, it was a very small number, something on the order of $1 billion or something
. right before christmas, with, you know, people are sober as a result of newtown, that they're going through these political antics today, it's crazy. >> both sides, harry's going to comment on this. one side says we're compromising more. that's what you just said. the other side says we've compromised more. john, a little whimpering from paul krugman does not make a carping from the left. >> you forgot about huffington post. social security sellout. >> you're carping from the left hasn't been close to the pressure john boehner's been under. i mean, come on. and just from that fact, we need some real outrage from, you know, patty murray, or you know, all the usual suspects before i believe that the president has given up as much as boehner. you take it from here, okay? >> well, john, it's harry wilson. one thing that's really interesting to me, there's been a lot made about the fact that the president's proposal is closer to the clinton era tax rates. but very little has been said about the fact that no one is close to the clinton era spending levels. so, as you know, when you were i
being up. all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there was a lot of excitement around black friday. i mean it was almost like the super bowl. they have all this advertising, drag people out, it's the biggest event of the year come shopping, and then week after that we had the pro bowl. there was no excitement. there was no reason to come out shopping. so big bang, but it kind of waned as we went into the season. >> how much of the season is in the books now? i mean, what's still left to happen? >> there's a couple of big days still coming. i think this weekend is a big weekend as people redeem gift cards, go into the stores, exchange items for what they're looking for. hopefully get that add-on sale and people start to take advantage of the clearance sale, i would say, though, 95% of it is in the books. we've probably got some strong days ahead of us, though, th
is the ticker on this of course, troubles surrounding the newtown, connecticut, shooting a lot of sellers on that stock during that period of time, today, issuing another $15 billion, expand its buy back program which it just announced with its fiscal second quarter results, announced 20 million share -- $20 million worth of buy backs and expand that to 15. nice gain on the shares. >> >> a big winner for the year. look at that chart. >> all handgunmakers, talking about this before, how ironic you can the obama administration was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively h
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